12/27: MS Reduces Stake in MSNBC

Posted by Patrick
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Microsoft Quits MSNBC TV, but Web Partnership Remains:

Ending a partnership that soured long ago, Microsoft and NBC announced yesterday that they would dissolve their joint ownership of the cable news channel MSNBC, with NBC taking control.

But the partners will continue their 50-50 ownership of the MSNBC Web site, which, partly as a consequence of its affiliation with Microsoft, is the most-used news site on the Internet. ...

One looming question is whether the channel's name will be changed, now that MSNBC has no association with Microsoft. The Web site will retain the name.

Via Mary Jo Foley.

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